AZERBAIJAN HAS NO HOPES OF TURKEY

Aysor.am
Saturday, October 17

Azerbaijan’s President Ilham Aliyev said at Government that unresolved
issue of transit between Azerbaijan and Turkey makes Azerbaijan look
for new markets, report Russian media sources.

President Aliyev says the county cannot export gas to Europe because
Turkey’s transit-price exceeded market prices by 70%. Herewith
Azerbaijan sells its gas to Turkey at a one-third price of world
standards. Besides, says the President, failed transit issues led
to delay of the second stage of the project of world’s largest gas
condensate fields of Shah Deniz field in the Caspian shelf, which
requires injections of $20 billion.

That is why Azerbaijan signed an agreement with Russia’s Gazprom to
export gas to Russia. He also said that the country can provide gas
to Iran as well as to EU-countries bypassing Turkey via the Black Sea.